investment | Egypt Oil & Gas - Part 4
Egypt, Azerbaijan Explore Petroleum Trade, Upstream Investment Opportunities at OPEC Seminar
The Minister of Petroleum and Mineral Resources, Karim Badawi, met with Azerbaijan’s Minister of Energy, Parviz Shahbazov, to discuss joint cooperation opportunities between the two countries in the oil and gas sector...
ExxonMobil to Invest $1.5B in Nigerian Oilfield
Nigeria’s oil regulator stated that ExxonMobil will invest $1.5 billion in developing its deepwater operations in the country, Reuters reported. The company will pump this amount of money, during the period between th...
KNOC Mulls Expanding Investments in Egypt’s Petroleum Sector
Minister of Petroleum and Mineral Resources Karim Badawi met with Dong Sub Kim, CEO and President of the Korea National Oil Corporation (KNOC), and his accompanying delegation to explore investment opportunities and p...
Eni to Invest €8B in Egypt, Boosting Energy Supply to Europe
Eni CEO Claudio Descalzi said on Tuesday that Eni plans to invest about €8 billion in Egypt over the next four years, as reported by Reuters. However, further details regarding the investment have not been disclosed. ...
Oman Launches Bid Round for Oil and Gas Exploration
Oman’s Minister of Petroleum and Mineral Resources announced the launch of new bid round for oil and gas exploration and production. Salah bin Hafiz Al-Dhahab, Director General of Investment at the Ministry of Energy ...
India Allocates $647M for Strategic Oil Reserves Amid Global Supply Concerns
India has allocated 55.97 billion rupees ($646.78 million) to purchase oil for its strategic petroleum reserves (SPRs) for the fiscal years 2025-26, amid global supply uncertainties, according to Reuters. The Indian S...
Basra Oil Company Signs Deals with Halliburton to Develop Nahr Bin Omar, Sinbad Fields in Iraq
Iraqi Basra Oil Company (BOC) has signed two agreements with Halliburton to develop the Nahr Bin Omar and Sinbad fields, according to Iraqi news agency. This confidentiality agreement involves Iraq to provide Hallibur...
Shell-CNOOC JV to Expand Petrochemical Operations in South China
CSPC, a joint venture (JV) between CNOOC Petrochemical Investment Ltd. and Shell Nanhai B.V. has reached a final investment decision for expanding its petrochemical complex in Daya Bay, Huizhou, South China with compl...
